Accounting (BAF3M)

By the end of this course, the student will:

• Describe the discipline of accounting and its importance for business;
• Describe the differences among the various forms of business organization;
• Demonstrate an understanding of the basic procedures and principles of the accounting cycle for a service business.

By the end of this course, the student will:

• Demonstrate an understanding of the procedures and principles of the accounting cycle
• A merchandising business
• Demonstrate an understanding of the accounting practices for sales tax;
• Apply accounting practices in a computerized environment

By the end of this course, the student will:

• Demonstrate an understanding of internal control procedures in the financial management of a business
• Evaluate the financial status of a business by analysing performance measures and financial statements;
• Explain how accounting information is used in decision making.

By the end of this course, the student will:

• Assess the role of ethics in, and the impact of current issues on, the practice of accounting.
• Assess the impact of technology on the accounting functions in business.
• Describe professional accounting designations and career opportunities.